| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $750M | $696M | $765M | 7.7% | -2.0% |
| Op. Income | $132M | $114M | $143M | 15.2% | -7.8% |
| Gross Margin | 47.2% | 48.2% | 46.9% | -0.9pp | 0.3pp |
| Net Margin | 12.2% | 10.1% | 11.8% | 2.2pp | 0.4pp |
| EPS (Diluted) | $0.60 | $0.45 | $0.58 | 33.3% | 3.4% |
| Free Cash Flow | $103M | $22M | $114M | 362.8% | -9.6% |
| Item | Amount |
|---|---|
| REVENUE | $750M |
| Cost of Revenue | $396M |
| GROSS PROFIT | $354M |
| R&D Expenses | $46M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $157M |
| Other Expenses | $20M |
| Operating Expenses | $223M |
| Cost & Expenses | $619M |
| OPERATING INCOME | $132M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $32M |
| EBIT | $131M |
| EBITDA | $163M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $750M |
| Cost of Revenue | $396M |
| GROSS PROFIT | $354M |
| R&D Expenses | $46M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $157M |
| Other Expenses | $20M |
| Operating Expenses | $223M |
| Cost & Expenses | $619M |
| OPERATING INCOME | $132M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $32M |
| EBIT | $131M |
| EBITDA | $163M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $92M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $900.0K |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $122M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $200.0K |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$100.0K |
| Common Stock Repurchased | -$105M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$500.0K |
| NET CASH FROM FINANCING | -$109M |
| FREE CASH FLOW | $103M |
| Net Change in Cash | -$400.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $331M |
| Short-Term Investments | $0 |
| Net Receivables | $531M |
| Inventory | $333M |
| Other Current Assets | $148M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $174M |
| Goodwill | $1.7B |
| Intangible Assets | $509M |
| Long-Term Investments | $335M |
| Tax Assets | $0 |
| Other Non-Current Assets | $203M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $370M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $818M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $215M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $76M |
| Retained Earnings | $1.4B |
| Treasury Stock | -$568M |
| Accum. Other Comp. Income | $107M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $9M |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $2.3B |
| Net Debt | $1.9B |
